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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The Brazilian automotive industry is undergoing a profound transformation, driven by the post-pandemic recovery, electrification trends and intensified global competition. In 2024, Brazil produced 2.5mn units, maintaining its position as the largest ...
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In 2024, Brazil led Latin America in terms of the number of fintech companies, reaching a total of 1,706, according to data from Distrito. It also recorded the highest number of investment deals in the region, with 1,157 in the same year. This rapid ...
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Colombia's GDP grew by 1.7% y/y in real terms in 2024, driven primarily by private consumption on the demand side, which increased from 0.4% in 2023 to 1.6% in 2024. This strengthening of demand has allowed for the gradual recovery of the retail ...
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Latin America is home to some of the world's largest reserves of metallic minerals, including copper, iron ore and zinc. As such, the region has numerous metal processing companies and plays an important role in the global trade of metals such as ...
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Latin America's role in the global automotive sector has diminished in the past ten years. In 2023, the region accounted for 7.6% of the world's production and 5.9% of global sales. Nine out of every ten vehicles manufactured in the region are made ...
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Brazil's vast mineral resources, integrated manufacturing industry, and sizable domestic market make it a leading player in the global metal processing sector. According to the United States Geologic Service (USGS), the country is one of the world's ...
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Mexico's electronics manufacturing is one of the leading sectors globally, with an industry that continues growing rapidly and becoming increasingly important to the global supply chain. By 2024, Mexico ranked as the eighth-largest producer of ...
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The chemical industry is the third largest industrial sector in Brazil, following the food and beverage industry and petroleum products manufacturing, according to data presented at the 2024 Annual Meeting of the Chemical Industry held by the ...
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The Mexican chemical industry is a cornerstone of the nation's manufacturing landscape, contributing significantly to GDP, employment and trade. Despite facing challenges, such as supply chain disruptions and rising production costs, the sector has ...
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The metal processing sector plays a crucial role in supporting end-use industries like construction, infrastructure, automotive manufacturing and power transmission. According to data from the World Steel Association (WSA), in 2024 Mexico ranked 15th ...
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